Financial Digest

IMF upgrades China growth forecasts

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 92%

IMF News

Upgrades,China,Growth

BEIJING — China's economy is set to grow 5.0 percent this year, after a 'strong' first quarter, the International Monetary Fund (IMF) said on Wednesday, upgrading its earlier forecast of a 4.6-percent expansion though it expects slower growth in the years ahead.

BEIJING — China's economy is set to grow 5.0 percent this year, after a 'strong' first quarter, the International Monetary Fund said on Wednesday, upgrading its earlier forecast of a 4.6-percent expansion though it expects slower growth in the years ahead.

8 percent in November. Citi also raised its own forecast to 5.0 percent from 4.6 percent in March. All of them cited the strong first-quarter data.China's stuttering post-Covid recovery has dragged on stock markets and the Chinese yuan, with several rounds of policy support measures yet to translate into robust demand.The property sector crisis remains the biggest stumbling block to a full-blown economic revival, analysts say, and the IMF issued a warning about the risks ahead.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF upgrades forecast for China’s economy, but says reforms needed to support growthBy Elaine Kurtenbach | AP Business Writer The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth.
Source: BusinessMirror - 🏆 19. / 59 Read more »

IMF lifts China's 2024 growth forecast to 5%The International Monetary Fund on Wednesday raised its 2024 growth forecast for China to 5%, citing recent policy moves by Beijing to boost its struggling economy.
Source: PhilstarNews - 🏆 1. / 94 Read more »